European Banks May Benefit From Proposed U.S. Rules

22 Jan 2010

European banks are seen as benefiting from a proposal by President Barack Obama to restrict proprietary trading operations of U.S. financial institutions.

European banks are seen as benefiting from a proposal by President Barack Obama to restrict proprietary trading operations of U.S. financial institutions. While the proposals would affect foreign banks with U.S. offices, some institutions believe they could circumvent the restrictions by moving from the U.S. to London or ...

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